Related Guide: Airbnb Accounting & Bookkeeping: A Comprehensive Guide

In Tallybreeze (formerly Bnbtally), the Listing Settings page is where you set the rules for when an income or a refund event takes place for a specific listing. To get to the listing settings page, navigate to view all your Listings and select a listing to edit.

You'll have the option to create an Invoice or Bill. Here we'll go over creating an invoice rule for reservation income events. Press the plus button [+] below the Reservation Income event. What this means is that for every reservation payout that you receive from Airbnb, we will create an invoice following the rules you set here.

On this invoice, you can set the guest as the customer of the invoice, but you can also set any existing customer from your QuickBooks organization. You can also set a Parent Customer but this is not required.

Each Airbnb Price Item you see here is everything that can be found in an Airbnb reservation payout from an Airbnb itinerary. In this invoice, we will be mapping these to your QuickBooks product/service codes with any percentage splits you require. These will show up in QuickBooks as line items in your invoices. Each price item is explained in detail here...

Many users set 100% allocations of each price item into a single product/service code within QuickBooks. However, there are plenty of scenarios where it is appropriate to split an Airbnb Price Item into more than one allocation with a percentage split.

Say for example that you're a Property Manager and you collect a 20% commission on the Accommodation Fare. With Tallybreeze, you can easily allocate 20% of any Airbnb Price Item to a specific commission code and set the remaining 80% to a Rents in Trust code (for example). You can do this by selecting "Add Line", select "Accommodation Fare" and then set the percent column to 80%. With Tallybreeze, you can split an Airbnb Price Item into any number of lines.

Percentages Supported

The Product/Service column represents the QuickBooks product/service code you want to allocate for each line. The lists you see from these drop down menus are pulled directly from your QuickBooks organization and are specific to what you set up in QuickBooks. If you need help setting up your QuickBooks organization so that a list of Product/Services show up here, you can import a common Chart of Accounts and Product/Service codes using the "Set Up QuickBooks" utility in the Connection's Settings.

With Tallybreeze (formerly Bnbtally) you can also assign Class tracking categories for each line item as well as a Location for the invoice. Within QuickBooks, this helps to generate Profit & Loss statements and Balance Sheet reports for each specific listing. If you don’t see this class column, that means you’ll need to check your QuickBooks settings to make sure you enable classes.

If you need to allocate a fixed amount based on multiples of the number of nights or guests, or perhaps a one-time charge for a reservation, this is where you can configure such rules. Select "Show Multiples & Fixed Amounts".

From here select the multiple you’d like to use (Per Night, Per Guest, Per Reservation, etc...) and enter the static amount. Then select which product/service you’d like to allocate and select the price item to subtract the total amount from. Tallybreeze will multiply the static amount by the number of nights, guests (etc...) to the reservation, we’ll then allocate it into your selected product/service and subtract the amount from the remaining price item which will be further handled by the percent rules.

The last thing is to make sure that the Automatic payment box is checked if you’d like Tallybreeze (formerly Bnbtally) to automatically apply a payment to each invoice created using your payment clearing account. This is usually recommended if you're receiving the Airbnb payouts directly from Airbnb.

For more information about the Payment Clearing Account and how it is used by Tallybreeze (formerly Bnbtally), click the following link...

Moving on to refund rules. Now that we’ve created an invoice rule for your reservation income, don’t forget to set a refund rule as well. For this we press the plus button [+] under the refund event and select refund receipt. Some users set this the same as their income rule but we also have many users who use different product/service codes for refunds because they want to track refunds separately within QuickBooks. Either way is fine.

Before you save your listing rules, check the Payout Account selection to make sure it’s correct. If you have a split payment routing rule within Airbnb, you’ll need to select the correct account to apply these rules.

Once you’ve completed your configurations for your listing, be sure to save it. The moment you save your listing rules, Tallybreeze (formerly Bnbtally) will begin to sync all your reservations starting from today and onward. If you'd like to import any reservations that took place in the past, the next step is to import your reservations using the Historical Import feature...